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Moscow construction complex not affected by sanctions against Turkey – Mayor

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Moscow construction complex not affected by sanctions against Turkey – Mayor

Moscow Mayor, Sergey Sobyanin, said that this year economy of the Russia’ capital city has fully mitigated negative trends of the previous two years and in future it will not face economic woes.

In particular, stability of the city’s economy is ensured by its diversification.

According to Mayor, Moscow construction complex wasn’t affected by the consequences of restrictions imposed upon Turkey by the Russian government.

“Construction market of the Russia’s capital practically doesn’t depend on Turkish companies. These are local projects connected with one of the towers in the Moscow City complex, a couple of malls and hotels. But even under the conditions of the sanctions the Turkish companies, which had concluded the contracts and carried out construction by that time, weren’t forced out. Now, if the restrictions are lifted, they will be able to go on with their vigorous activity”, - said Sergey Sobyanin.

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